Shell confirms agreement to buy LNG assets of Pavilion Energy from unit of Singapore’s fund Temasek
UK major Shell has confirmed a deal as expected to acquire the liquefied natural gas assets of Pavilion Energy, the natural gas company set up by Singapore’s wealth fund Temasek to give the Asian island state energy security.
Shell swings back to profit as LNG sales fall but major is bailed out by much-maligned oil segment
Royal Dutch Shell swung back to a much reduced profit in the third quarter after heavy write-downs in the previous quarter, reflecting lower realised prices for oil and LNG as cargo sales declined 9 percent due to the Prelude FLNG hull being shutdown offshore northwest Australia.
Royal Dutch Shell duly posts huge $18Bln loss with Australian LNG export plants among impairments list
Royal Dutch Shell posted its huge pre-flagged asset impairment loss in its earnings with the Integrated Gas division, including LNG, accounting for its own share of losses with write-downs on the Australian Queensland Curtis LNG plant and the offshore Prelude FLNG hull.
Royal Dutch Shell reports higher LNG and gas profits as price increases offset lower sales
Royal Dutch Shell reported 6 percent lower liquefied natural gas volume sales in the first quarter, though profits jumped 17 percent in the Integrated Gas Division because of higher prices and earnings from trading.
